BOMBARDIER AND AIRBUS PARTNERING ON C-SERIES AIRCRAFT

Oct 16, 2017

By Michael Kramer

Share on

Europe’s giant Airbus Group is buying a majority stake in Bombardier’s CSeries program.

Both aircraft manufacturers announced their partnership Monday evening – just weeks after America announced 300 per cent preliminary duties on exports of the aircraft – following a complaint from Airbus rival Boeing.

The CSeries headquarters will remain in the Montreal area – with a second assembly line for the plane to be set up at Airbus’ facility in Alabama.

Airbus will acquire a 50.01 per cent interest in the CSeries Aircraft Limited Partnership (CSALP)- which manufactures and sells the 100 to 150 seat passenger aircraft.

Bombardier will own 31 per cent – and the Quebec government’s investment agency will hold 19 per cent.

Advertise With Us

To learn about advertising opportunities with Zoomer Radio use the link below:

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: